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You're arguing for normal operations, which nobody is disagreeing with. The sticking point you hand-waved away is what happens in an emergency. Telling someon
by tw04 5y ago
You're arguing for normal operations, which nobody is disagreeing with. The sticking point you hand-waved away is what happens in an emergency. Telling someone "well you saved money over the last decade, SURPRISE!" isn't an acceptable situation for a utility.
- flavius29663 5y agoI'm arguing for not trashing the idea of spot pricing because of one emergency. They could use better regulations for emergency situations, to prevent both customers and distributors going bankrupt, but making the case that spot pricing is bad because of what happened in Texas is short sighted. When the situation became a state of emergency, they could have stopped free trading and just provide everything they can, leaving the accounting for later. Or just capping the price to a lower level. In the meantime, spot pricing would be a very good thing to happen all across America, as I said - it's contributing massively to the de-carbonification of UK. Demand response would help reduce a lot of the spikes in usage, and make renewables integration easier.